News & Analysis

Council may give up crime-grant duty to Parks Foundation

February 19, 2011
Kathleen McLaughlin
Under a proposal on its way to the City-County Council, the Indianapolis Parks Foundation would oversee millions of dollars in tax-supported grants for crime prevention.
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Budget would take slice out of growing horse industry

February 19, 2011
Francesca Jarosz
A move by budget-makers to tap the kitty that feeds the state’s horse-racing industry could deal a blow to the business just as Indiana is starting to gain ground on its neighbors.
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California investor losing grip on holdingsRestricted Content

February 19, 2011
Kathleen McLaughlin
Blue Real Estate defaulted on a $17.5 million loan for six buildings in Park 100, according to a mortgage foreclosure suit Bank of America filed this month in Marion County.
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GOP-led Indiana House panel OKs new budget proposal

February 18, 2011
Associated Press
A Republican-controlled Indiana House committee has approved a GOP budget proposal that would keep overall education funding at current levels while making major shifts in the way money is divvied up among individual school districts.
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Airport could land $63M annually from land redevelopment

February 18, 2011
Chris O'Malley
A consultant's long-term land-use plan approved Friday morning by the Indianapolis Airport Authority recommends expected uses such as cargo and logistics, and offbeat uses such as construction of a solar-energy farm.
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Financier in botched deal sues Emmis over loan to Smulyan

February 18, 2011
J.K. Wall
In uncommonly sharp language, attorneys for New York-based Alden Global Capital accused Emmis' board of “a blatantly self-dealing transaction” that allows Smulyan to “pursue a personal litigation vendetta” against Alden.
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Castleton Plaza seeks bankruptcy reorganization

February 18, 2011
Scott Olson
Shopping center on East 82nd Street lists nearly $10.4 million in liabilities and about $7.6 million in assets. The Chapter 11 filing follows a request to foreclose on the property from the center's lender.
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Dealer Expo trade show kicks off expanded Convention Center

February 18, 2011
Scott Olson
The massive powersports convention is one of the biggest annual events hosted by the city and is the first to use the expanded Indiana Convention Center since a $275 addition was completed.
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Local group heading Down Under for biz opportunities

February 18, 2011
Develop Indy, Marion County's local economic development organization, plans to lead a delegation of officials to Australia to attract life sciences-related business opportunities, the group announced Friday morning.
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INSIDE DISH: Egyptian Cafe posts hot profits, fears smoking ban

February 18, 2011
Mason King
Dish_Egypt_watch_videoMohey Osman has breathed life into a Middle Eastern tradition at the Broad Ripple eatery and hooka bar, but a state smoking ban could choke the business.
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GOP senators leery of Indiana immigration crackdown

February 17, 2011
Associated Press
A bill aimed at having an Arizona-style crackdown on illegal immigration in Indiana is on its way to the state Senate, but some Republican senators expressed concerns Thursday about the ramifications for law enforcement and taxpayers.
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UPDATE: GOP budget includes big shift in school funding

February 17, 2011
Associated Press
Individual school districts could see major shifts in funding but overall education funding would remain at current levels under a state budget plan presented Thursday by Republicans who control the Indiana House.
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Tony George voted back onto Hulman & Co. board

February 17, 2011
Anthony Schoettle
Hulman & Co. board expands by four in attempt to better position company that oversees Indianapolis Motor Speedway and IndyCar Series.
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Panel OKs pulling Indiana Planned Parenthood money

February 17, 2011
Associated Press
An Indiana legislative committee has approved a proposal that would prohibit any state contracts or grants with Planned Parenthood or other organizations that provide abortions.
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E-mails detail Fair Finance partner's money woes

February 17, 2011
Greg Andrews
E-mails filed in bankruptcy court this week show that Fair Finance Co. co-owner Jim Cochran spent money with such abandon that by 2008 he was living off credit cards and imploring CEO Tim Durham to more than double his salary to $1 million.
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Indy Partnership may reduce role in job recruitment

February 17, 2011
Cory Schouten
A merger among local economic development organizations could further diminish the role Indy Partnership plays in recruiting jobs to the city and region.
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Incentives, long-term leases urged for airport development

February 17, 2011
Chris O'Malley
The Indianapolis Airport Authority board on Friday is set to approve a long-term land-use plan that will help steer future development in and around Indianapolis International Airport and its five smaller fields for decades to come.
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Complaints spark IURC to limit telecom’s service territory

February 17, 2011
Scott Olson
E.Com Technologies LLC, which serves the large Centennial subdivision in Westfield, cannot expand its service territory without the state agency's permission. Charges of anti-competitive behavior led to the decision.
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Elevator company wants indemnity from IRT

February 17, 2011
Kathleen McLaughlin
An Illinois elevator company wants a judge to force the Indiana Repertory Theatre to protect it from liability in a lawsuit brought by a catering worker who fell down the elevator shaft at the downtown theater in 2007.
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IEDC leading jobs mission to India

February 17, 2011
The Indiana Economic Development Corp. will lead the state’s first jobs mission to India next week to help establish relationships with high-tech companies, the state agency said on Thursday.
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Gun bill raises concerns for CIB properties

February 17, 2011
Scott Olson
Legislation that would allow Hoosiers with gun permits to carry their weapons into municipal properties could affect Lucas Oil Stadium and the Indiana Convention Center.
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Marsh agrees to settle labor complaint

February 17, 2011
 IBJ Staff
Marsh Supermarkets Inc. has agreed to pay a total of $42,500 to settle a National Labor Relations Board case accusing the grocery chain of interfering with workers’ attempts to unionize.
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Old National-Monroe merger costing 59 jobs

February 17, 2011
 IBJ Staff
Almost 60 employees of Old National Bank and Monroe Bank are losing their jobs as the financial institutions combine their operations.
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Kite Realty sees decline in quarterly results

February 16, 2011
Associated Press
Indianapolis-based Kite Realty Group Trust on Wednesday reported a fourth-quarter loss on declining revenue.
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Indiana panel backs private school voucher bill

February 16, 2011
Associated Press
A contentious proposal to use taxpayer money to help Indiana parents send their children to private schools cleared its first legislative hurdle Wednesday.
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